Spread before costs (cost unknown: a leg has no order-book sample)−0.013%
7d average−0.027%if it closes, per $10,000$1funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MSFT | 493.50 | 0 | get 0.0000% / 8h | 44m 36s | $1.2M | $686K | — |
| Short | Extended MSFT_24_5-USD | 493.43 | 0 | get 0.0000% / 1h | 44m 36s | $329K | $380K | 17x |
Variational Omni MSFT
Extended MSFT_24_5-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$1.32
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$6.32
- Spread needed to break even
- 0.050%
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Extended: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Variational Omni RFQ quote, 1 min ago | 2.53 bp | doesn't fit | 17.9 bp −$179 | doesn't fit | doesn't fit |
| Sell Extended live order book, 5 min ago | 0.10 bp | 4.8 bp −$5 | 37.8 bp −$378 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps492.79cheapestHotstuff492.83+0.008%Polymarket Perps492.86+0.014%Vest492.93+0.028%tradeXYZ492.98+0.039%KuCoin493.05+0.053%ApeX Omni493.07+0.057%Nado493.09+0.061%Deribit493.13+0.069%Phoenix493.20+0.083%Orderly493.22+0.087%Gate493.24+0.091%Bitget493.26+0.095%Aevo493.26+0.096%SoDEX493.28+0.099%HTX493.28+0.099%Paradex493.30+0.103%Lighter RH493.33+0.110%Arcus493.34+0.112%OKX493.35+0.114%QFEX493.37+0.118%BloFin493.37+0.118%Aster493.40+0.124%Lighter493.42+0.128%Bybit493.43+0.130%
Ondo Perps
Hotstuff
Polymarket Perps
Vest
tradeXYZ
KuCoin
ApeX Omni
Nado
Deribit
Phoenix
Orderly
Gate
Bitget
Aevo
SoDEX
HTX
Paradex
Lighter RH
Arcus
OKX
QFEX
BloFin
Aster
Lighter
BybitExtended493.43+0.131%
Binance493.47+0.138%
BinanceVariational Omni493.50+0.144%
Injective493.59+0.162%edgeX493.65+0.174%Phemex493.81+0.207%Coinbase International493.89+0.223%SunX494.15+0.276%
Injective
Phemex
Coinbase International
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSFT-USD.P | −0.144% | +0.0050% | 1h | $536K | $371K | 15x | as long as short |
| Hotstuff MSFT-PERP | −0.135% | 0.0000% | 1h | $40K | — | 20x | as long as short |
| Polymarket Perps MSFT-USD | −0.129% | +0.0050% | 1h | $288K | $470K | 10x | as long as short |
| Vest MSFT-USD-PERP | −0.115% | +0.0046% | 1h | — | — | 25x | as long as short |
| tradeXYZ xyz:MSFT | −0.105% | +0.0050% | 1h | $23.1M | $6.1M | 20x | as long as short |
| KuCoin MSFTUSDTM | −0.091% | +0.0100% | 8h | $1.5M | $6K | 20x | as long as short |
| ApeX Omni MSFTUSDT | −0.087% | +0.0100% | 1h | $157K | $7K | 50x | as long as short |
| Nado MSFT-PERP | −0.083% | −0.0006% | 1h | $458K | $4K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | −0.075% | 0.0000% | 1h | $27K | $103K | 10x | as long as short |
| Phoenix MSFT | −0.060% | +0.0065% | 1h | $10K | $15K | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_MSFT_USDC_mythos | −0.056% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Gate MSFT_USDT | −0.052% | 0.0000% | 8h | $3.0M | $1.0M | 100x | as long as short |
| Bitget MSFTUSDT | −0.048% | 0.0000% | 8h | $3.7M | $1.6M | 100x | as long as short |
| Aevo MSFT-PERP | −0.048% | +0.0104% | 1h | $54 | — | 10x | as long as short |
| SoDEX MSFT-USD | −0.044% | +0.0050% | 1h | $59K | $3K | 10x | as long as short |
| HTX MSFT-USDT | −0.044% | 0.0000% | 8h | $58K | $231K | 20x | as long as short |
| Paradex MSFT-USD-PERP | −0.041% | +0.0052% | 8h | $217 | — | 5x | as long as short |
| Lighter RH MSFT | −0.034% | +0.0032% | 1h | $677K | $2.0M | 20x | as long as short |
| Arcus MSFT-USD | −0.032% | +0.0325% | 1h | $112K | $48K | 10x | as long as short |
| OKX MSFT-USDT-SWAP | −0.030% | 0.0000% | 8h | $3.1M | $1.4M | 20x | as long as short |
| QFEX MSFT-USD | −0.026% | +0.0052% | 1h | $1.1M | $3.3M | 10x | as long as short |
| BloFin MSFT-USDT | −0.026% | +0.0020% | 8h | $193K | $140K | 20x | as long as short |
| Aster MSFTUSDT | −0.019% | 0.0000% | 8h | $151K | $76K | 20x | as long as short |
| Lighter MSFT | −0.016% | +0.0032% | 1h | $1.1M | $529K | 20x | as long as short |
| Bybit MSFTUSDT | −0.014% | 0.0000% | 8h | $7.3M | $1.0M | 100x | as long as short |
| Extended MSFT_24_5-USDshort | −0.013% | 0.0000% | 1h | $329K | $380K | 17x | |
| Binance MSFTUSDT | −0.006% | 0.0000% | 8h | $15.8M | $12.9M | 20x | as long as short |
| Variational Omni MSFTlong | 0.000% | 0.0000% | 8h | $1.2M | $686K | — | |
| Injective MSFT/USDC PERP | +0.019% | +0.0220% | 1h | $113K | $154K | 30x | as long as short |
| edgeX MSFTUSDC | +0.030% | −0.0553% | 4h | $100K | $244K | 10x | as long as short |
| Phemex MSFTUSDT | +0.063% | 0.0000% | 8h | $2.1M | $474K | 10x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.079% | −0.0008% | 1h | $663K | $332K | 10x | as long as short |
| SunX MSFT-USDT | +0.132% | 0.0000% | 8h | $6K | $3.8M | 20x | as long as short |